1 Oct 2020 07:00
1 October 2020
Metal Tiger plc(“Metal Tiger” or the “Company”)
Appointment of Non-Executive Director
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce the appointment of David Wargo to the board of directors of the Company (the “Board”), as a Non-Executive Director, with immediate effect.
David Wargo is a senior natural resource investment banker with over 21 years of experience in the mining industry and banking industry. He is currently a managing director of Investment Banking at Sprott Capital Partners (“SCP”), a division of Sprott Inc. (“Sprott”). Prior to this, he held a number of senior positions, including as a managing director of the Investment Banking Division at GMP Securities L.P. David has an industry background, having worked for 10 years as a chemical engineer in the mining and oil and gas sectors. David holds an Executive MBA.
Additional information on Mr Wargo, pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies is set out below.
Charles Hall, Chairman of Metal Tiger, commented:
“The Board and I are delighted to welcome David to the Company at an exciting time in its growth. David’s appointment will complement the Board greatly, bringing his specialist knowledge and contact base as a senior natural resources investment banker with a strong technical background. His position with Sprott Capital Partners will also be of benefit to the Company as we continue to focus on growing the business opportunistically in today’s market.”
Additional information on Mr. David Alan Wargo (Aged 49)
Current Directorships | Past Directorships (last five years) | |
Cateus Capital Inc | Starmode Limited |
David Wargo currently holds 100,000 ordinary shares in Metal Tiger.
Mr Wargo is currently a managing partner at SCP, the investment banking division of Sprott. Exploration Capital Partners 2014 Ltd (“ECP”), the Company’s largest shareholder, owning 13.47%, forms part of Sprott Global Partners (“SGP”), one of the investment management arms of Sprott. SCP and SGP are two independent divisions of Sprott, on separate sides of the ‘chinese wall’. Accordingly, Mr Wargo has no control or discretion over the Metal Tiger shares held by ECP and is therefore not considered to have any interest, indirect or otherwise, in such shares.
This announcement contains inside information for the purposes of the market abuse regulation (EU No. 596/2014) (“MAR”).
For further information on the Company, visit: www.metaltigerplc.com
Enquiries:
Michael McNeilly | (Chief Executive Officer) | Tel: +44 (0)20 7099 0738 |
Mark Potter | (Chief Investment Officer) |
|
|
|
|
Richard Tulloch James Dance Jack Botros | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
|
|
|
Paul Shackleton Steve Douglas | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
|
|
|
Gordon Poole James Crothers Hugo Liddy | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company’s target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Equity Investments and Project Investments.
Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.
Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
END
View source version on businesswire.com: https://www.businesswire.com/news/home/20200930005920/en/
Copyright Business Wire 2020